A New York market FX outlook article says USD/JPY is likely to trade amid the offsetting effects of higher oil prices and rising US yields. It also warns that attention should be paid to Middle East-related headlines.
The New York FX outlook article notes that USD/JPY trading will be driven by rising oil prices and higher US interest rates, and says that Middle East-related headlines could influence market developments going forward.
No specific figures or dates are provided in the article, which is understood to leave the market awaiting additional information and further reports. It also says that market participants will need to remain sensitive to developments in market factors.